Tag Archives: Doctors

Benefits of Incorporating for Medical Professionals

Getting right into it, here are the top benefits of incorporating your medical practice. 1. Life Insurance Once you’ve incorporated your practice, you can pay for a life insurance policy directly from the corporation. This is one of the biggest advantages of incorporating and will help you avoid taxes on the personal side. 2. Reduced…
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Useful Tax Information for Self-Employed Physicians

If you’re one of many self-employed physicians practicing in Ontario then you need to be aware of some further responsibilities with regards to your taxes. Here are some things to keep in mind. 1. When to Pay your Taxes As a self-employed physician, make sure that you pay your taxes every quarter. You can setup…
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